NOT LISTED FOR SALE
10 Beds
5 Baths
6,791 Sq Ft
1917 Built

Sale Details

Date Sold: November 6, 2023

Last sale price $250,000 $37 Per Sq Ft

19 Days on Market

About This Home

As of November 2023

This 5 unit brick multi-family building is a great opportunity for the savvy investor in the greater Chicago Lawn neighborhood and is fully occupied. This property consists of 5 two bedroom units which 2 of the units have a bonus room ( can be used as a bedroom) and hardwood floors. All units have 1 bathroom. All units have spacious living rooms and dining rooms. Each unit has its own furnace and hot water tank. This property is close to public transportation (Western), restaurants, fast foods, auto dealerships and much more. Sold AS IS

Last Agent to Sell the Property

Edna Rutherford

Exit Strategy Realty / EMA Management License #475155625 Listed on: 09/20/2023

Last Buyer's Agent

Rosa Terrazas

Century 21 Circle License #475147200

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1917

Parking

  • On-Street Parking

Interior Spaces

  • 6,791 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $650
  • Fuel Expense $800
  • Insurance Expense $3,500
  • Manager Expense $3,800
  • Other Expense $1,250
  • Trash Expense $2,100
  • Water Sewer Expense $1,300
  • Operating Expense $16,640
  • Gross Income $50,400
  • Net Operating Income $33,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

Year Built

Built in 1917

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1917
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Basement Description: Partially Finished
  • Room: 0

Garage/Parking

  • Outdoor Parking: Parking-Street

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 3800

Fee Information

  • Trash Expense: 2100
  • Water Sewer Expenses: 1300

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3585
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 6791

Multi Family

  • Net Operating Income: 33760
  • Fuel Expense: 800
  • Insurance Expense: 3500
  • ElectricExpense: 650
  • GrossIncome: 50400
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 16640
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 4223
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Nov 2, 2023
Sold by
Bought by
Seller's Agent
Edna Rutherford
Exit Strategy Realty / EMA Management
Buyer's Agent
Rosa Terrazas
Century 21 Circle
List Price
$289,900
Sold Price
$250,000
Premium/Discount to List
-$39,900
-13.76%
Views
27

Purchase Details

Closed on
Jun 23, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2003
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
11.45%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 None Listed On Document
$475,000 First American Title Ins Co
-- First American Title Ins Co
$195,000 Fatic
-- --
$203,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $380,000
Previous Owner $182,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/06/2023 11/06/23 Sold $250,000 -13.8% $37 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $289,900 -- $43 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,455 $32,001 $1,793 $30,208
2024 $4,455 $32,001 $1,793 $30,208
2023 $4,344 $21,000 $2,868 $18,132
2022 $4,344 $21,000 $2,868 $18,132
2021 $4,223 $21,000 $2,868 $18,132
2020 $3,220 $14,360 $2,868 $11,492
2019 $3,376 $16,698 $2,868 $13,830
2018 $3,320 $16,698 $2,868 $13,830
2017 $5,506 $25,408 $2,509 $22,899
2016 $5,122 $25,408 $2,509 $22,899
2015 $4,690 $25,408 $2,509 $22,899
2014 $4,696 $25,114 $2,330 $22,784
2013 $2,516 $13,722 $2,330 $11,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11888362

Midwest Real Estate Data (MRED)
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